Blue Owl Capital Inc. (NYSE:OWL) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $23.56.

Several brokerages recently weighed in on OWL. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. JMP Securities cut their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Citigroup cut their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler cut their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OWL. Select Equity Group L.P. purchased a new position in shares of Blue Owl Capital during the 1st quarter valued at $38,810,000. NewEdge Advisors LLC lifted its stake in shares of Blue Owl Capital by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 298,378 shares of the company's stock valued at $5,979,000 after buying an additional 6,659 shares in the last quarter. HMI Capital Management L.P. purchased a new position in shares of Blue Owl Capital during the 1st quarter valued at $30,343,000. Banque Transatlantique SA purchased a new position in shares of Blue Owl Capital during the 1st quarter valued at $31,000. Finally, Advent International L.P. lifted its stake in shares of Blue Owl Capital by 14.2% during the 1st quarter. Advent International L.P. now owns 4,600,905 shares of the company's stock valued at $92,202,000 after buying an additional 570,905 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Up 0.8%

Shares of OWL opened at $19.48 on Monday. The company has a market capitalization of $29.95 billion, a P/E ratio of 114.58, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The firm has a 50 day moving average of $18.69 and a 200 day moving average of $21.70. Blue Owl Capital has a twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, sell-side analysts expect that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is currently 692.31%.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.

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